Market analysts suggest that XRP could potentially drop to $0.99 if it fails to maintain its current support levels.
XRP, Bitcoin, and Ether are all currently testing critical support thresholds as the broader Bitcoin falls below this mark and fails to stage a recovery, it could descend to the channel bottom at $60,000. Continued weakness in Bitcoin could exacerbate selling pressure across the market, potentially hindering recovery efforts for major cryptocurrencies like XRP.
Among these three assets, Ether displays the most prominent bearish signals on its chart. It has broken down from a right-angled ascending broadening pattern on the daily timeframe and has also lost support at $2,385. Martinez indicated that if the current selling pressure continues, the next significant downside target could be $1,963.
The ability of these three assets to reclaim or defend their major support levels has become the primary factor in determining whether they will face further depreciation.
